(CCD: TSX-V)
VANCOUVER, BC, June 29, 2020 /CNW/ - CASCADERO COPPER
CORPORATION ("CASCADERO") announced today that it has reached an
agreement with Lorne Harder Holdings Ltd., a significant
shareholder of CASCADERO. As part of the agreement, CASCADERO has
accepted the resignation of Mr. Brian
Causey as an officer and director, and has appointed Mr.
Lorne Harder and Mr. Christopher Ecclestone to the
board. The new board will be comprised of Dr.
George Gale, Mr. Lorne Harder, and Mr. Christopher Ecclestone. The following are the
bio's of Mr. Harder and Mr. Ecclestone:
Lorne Harder: Lorne has
been in the insurance industry for over 30 years, much of it as a
major shareholder in a large regional brokerage. He holds a Diploma
of Financial Management and a Bachelor of Administration
(Accounting) degree, and has been awarded a Fellow Chartered
Insurance Professional (FCIP) designation by the Insurance
Institute of Canada. The Board
believes that Lorne's business experience and education position
him well to assist the Company in leveraging its assets for the
benefit of the shareholders.
Lorne Harder comments: "I am
excited that Christopher Ecclestone
has agreed to join George Gale and
myself on the board. We look forward to working together to
create value for the shareholders with the portfolio of assets held
by Cascadero."
Christopher Ecclestone:
Christopher Ecclestone is a
Principal and mining strategist at Hallgarten & Company and is
based in London. The firm is
almost solely devoted to research on the mining and metals space
and commodity strategizing. It also provides ancillary services to
the investment banking community such as valuations, due diligence
work on transactions and fairness opinions. Coverage is of the TSX,
ASX, LSE and some US-listed entities.
Mr. Christopher Ecclestone
comments: "I am excited to be reengaging with Argentina, a place I know well, having lived
there from 1991-2001. Cascadero's large portfolio of diverse metal
exposures in the country has potential to be worked over to
increase value for the company and its shareholders. Meanwhile the
prospects for Cesium, an element I know very well from my work with
strategic metals, are excellent. The potential to become bigger
players in Cesium is fairly obvious, particularly in light of its
connection to the 5G revolution."
Mr. Christopher Ecclestone has
agreed to accept the position of President and CEO, and Mr.
Lorne Harder will act as interim
Chief Financial Officer and Corporate Secretary.
As a first step, the new board will concentrate its efforts on
raising additional capital to finance CASCADERO's properties and
for general working capital purposes. In the meantime, Mr.
Lorne Harder has agreed to advance
the Company a non-interest bearing loan of $
100,000 for general working capital.
Neither the TSX Venture Exchange nor its Regulation Service
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Cascadero Copper Corporation
